Tag: indian banks

Indian banks reflect weak core capitalisation and poor profitability

Newsroom24x7 Network Mumbai: Fitch maintains a negative sector outlook on Indian banks, to reflect the ongoing struggle of state banks with weak core capitalisation amid rising macro headwinds and poor profitability. Indian banks need significantly more capital than that the state has earmarked so far, given the size and complexity of the asset-quality problem and

Continue reading

Indian banks face USD65 billion capital shortage by FYE19

Newsroom24x7 Network Mumbai/Singapore: Indian banks are likely to require around USD65 billion of additional capital to meet new Basel III capital standards that will be fully implemented by the financial year ending March 2019 (FY19), according to Fitch Ratings’ latest estimates. According to Fitch, weak capital positions have a major negative influence on Indian banks’

Continue reading

Indian banks more stable but challenges stay

Newsroom24x7 Desk Mumbai: Capital-raising will be a key theme for Indian banks, as asset-quality pressures gradually stabilise and banks look to revive credit growth in support of a recovering GDP outlook. However, there will be challenges for state-owned banks in particular, given weak core capitalisation and expectations of slow earnings recovery due to high credit

Continue reading